Yikes. That's not good.
I have the same TT in the family since new in '76. It did take a header off the stereo cabinet once but keeps ticking. Bulletproof is a good term for them.
I like mine fine, but never really known any different. Did you get a dustcover with it? If not, I did some looking (OK, a lot of looking and measuring) and am pretty sure the sl1200 (all series) cover will fit, though the original for this table was a flat cover the the 1200s have a dome over the tonearm pivot.
Now if I can only find one for sale separate...